Cash Flow Duration and the Term Structure of Equity Returns
收藏NBER2016-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w22520
下载链接
链接失效反馈官方服务：
资源简介：
The term structure of equity returns is downward-sloping: stocks with high cash flow duration earn 1.10% per month lower returns than short-duration stocks in the cross section. I create a measure of cash flow duration at the firm level using balance sheet data to show this novel fact. Factor models
提供机构：
美国国家经济研究局
创建时间：
2016-08-01
